Chairman, Reliance Group of Companies, Anil Ambani with wife Tina Ambani during the listing ceremony of Reliance Home Finance at the National Stock Exchange, in Mumbai on Friday.Photo by Santosh HirlekarMUMBAI: Reliance Communications (RCom) added its four of its senior management to its Board on Monday,a day after it decided to call off its merger with Aircel.

Punit Garg, president, telecom Business has been elevated to the Board as executive director of the company, said telco in a statement.

Garg has been part of leadership team since the last 17 years and has held several positions in the Company, including CEO of Indian and global enterprise business, corporate dtrategy and regulatory affairs.

Manikantan V, chief financial officer (CFO) has also been elevated to the board as director and CFO of the company.

The Anil Ambani owned telecom operator said that Suresh Rangachar, who heads the fiber and tower business as director of Reliance Infratel Limited (RITL), a subsidiary of the company, has been appointed as executive director of RITL, said the company.

Gurdeep Singh, Co-CEO of the Company and CEO of the mobility business, has been elevated as executive director of Reliance Telecom Limited.

The telco on Sunday called off merger citing regulatory uncertainties and alluding to sabotage by “vested interests,” dealing a blow to the hopes of the two debt-ridden telcos to jointly take on stronger rivals Bharti Airtel and Reliance Jio Infocomm besides raising questions about their long-term survival.

RCom and Aircel--struggling to cope with falling revenue, increasing losses and a shrinking user base along with debt of Rs 45,000 crore and Rs 20,000 crore, respectively--were hoping to combine their wireless businesses and become a stronger fourth player.

A price war intensified by the entry of Jio has severely dented industry revenue and profitability, forcing consolidation. RCom and Aircel had announced a 50:50 joint venture in September 2016.

The merger with Aircel and its ongoing tower stake sale to Canada’s Brookfield was crucial to RCom paring 60% of its debt amid an ongoing strategic debt restructuring (SDR) process and a standstill agreement.